§ 36 and 44. Mr. H. WILLIAMS (for Mr. LIDDALL)asked the President of the Board of Trade (1) whether he has had any reports as to the adverse effects likely to be produced among the heavy industries of this country by the devaluation of Belgian currency; and what action he proposes to take; (2) whether, having regard to the devaluation of Belgian currency, he proposes to take any steps to deal with the 524 situation in order to protect British industries likely to be affected?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Dr. Burgin)It is obviously impossible to forecast the effect of recent events upon the course of imports into this country, but I am informed by the Import Duties Advisory Committee that it is their intention to maintain a close and constant watch upon the movements of imports in case any action on their part should appear to be called for in regard to any particular industry. It is, of course, open to the Committee to make recommendations to the Treasury at any time without previous advertisement if they think it necessary.
§ Mr. WILLIAMSI take it that where an application has been turned down but a new factor has arisen the Import Duties Advisory Committee can act without further application from the industry
§ Dr. BURGINYes, that is the effect of the last few words of the answer.
§ Mr. PALINGAre we to take it that Belgium is likely to benefit because she has gone off the Gold Standard?